Mega Menu Test - Auditing & Accounting Firm In Dubai

Identification of Potential Risks

External audits meticulously examine financial records, uncovering potential risks and irregularities.

Our Values

The external audit is a detailed yet objective assessment & financial review of a company’s finance statements conducted by an external entity. External auditing is a comprehensive review that is necessary to build trust among stakeholders since it enables transparency and accountability.

The Main Objective of External Audit

External audit serves multiple purposes, primarily aimed at ensuring accuracy, reliability, and transparency in financial reporting of a company or organization. However, regulatory authorities mandate external audits to ensure compliance with the law in a given country. This suggests that external auditing is mandatory in most cases.

External Audit Types

The external auditing is itself a major type of financial audits. However, an external audit can take place in freezone or mainland. There are two major types of companies that require annual external auditing per regulations: Freezone Company & Mainland Company. Here is the detailed overview of both types audits:

Freezone Company External Audit

Each state of the UAE offers number of freezones that provide various advantages to the businesses including tax exemptions & simplified regulations. If you have a company in the freezone, then you can get the external audit done by the authorized auditing company that has certification by the Ministry of Economy (MoE) of UAE. Bader Saleh Auditing is authorized to perform external audit in every freeone of the UAE.

Mainland Company External Audit

A mainland company, as opposed to freezone company, does not have tax exemptions. It follows the regular rules. The advantage of having a mainland company is that it operates within the wider geographical area of the country. However, there are specific auditors that can perform the external audit of this sort of company. BSA also offers the services to mainland companies for external financial audits.

Documents Needed for External Audit

Essential documents for the external audit to take place efficiently are as follows:

VAT Return Filings
Fixed Asset Records
Economic Substance Report Copy
AoA- Articles of Association
Management Letters and Correspondence
MoA – Memorandum of Association

Legal Documents
Inventory Records
Insurance Policies
Previous Audit Reports
Details of Anti-money Laundering Processes
Any Other Relevant Documents

Our Values

Integrity

We strive to maintain with our clients and our colleagues a relationship that is fair and ethical; gaining trust through our actions.

Respect

Our work revolves around mutual respect, professionally and personally as this leads us to be more productive and human in understanding our surroundings.

Enthusiasm

What fuels our passion for the profession and the work we do is what we call enthusiasm. Each member of the team was positively charged and ready to conquer.

Quality

We have instilled in us the concept of quality in everything we do, having a service mindset when dealing with clients while ensuring to offer satisfaction for every task we undertake.